Opportunity to acquire a 238-unit waterfront multifamily development with Site Plan approval and permit ready CDs in West Palm Beach with 60 WFH Units @ 100% AMI. The Project hard cost should range from $58-$60.0M based on recent cost estimates from prominent local construction companies. Forum Place received Concept Approval for a HUD 221 d.4 construction loan in December 2024.
Forum Place will be an eight-story mid-rise multifamily situated on 3.74 acres in the Palm Beach Lakes section of West Palm Beach. 238-units of tunnel-form, category 5 hurricane rated units, 383-parking spaces, 86 storage lockers, a waterfront location on Lake Mangonia with views of Clearlake, connection to a public right of way extension of the Turquoise Necklace bicycle and walking paths to Downtown.
Visit the Property Website for additional information or to obtain an offering memorandum: http://www.ForumPlaceMultifamily.com